Next GST Council meeting to focus on ‘process reforms’, inverted duty structure fixes
The next meeting will take up issues arising with regards to inverted duty structure (IDS) of different sectors, officials say.
The next meeting will take up issues arising with regards to inverted duty structure (IDS) of different sectors, officials say.
E-way bill generation under the goods and services tax (GST) regime rose to 136.08 million in May, a nearly 11 per cent increase from 122.65 million in the corresponding month last year.
Zomato parent company, Eternal, has received a Rs 6.4 crore Goods and Services Tax (GST) demand notice from the Deputy Commissioner, State Special Circle-I, Andhra Pradesh. The tax authorities have also demanded interest of Rs 2.4 crore from Zomato and Blinkit’s parent firm.
In a move aimed at ensuring uniform implementation of the Goods and Services Tax (GST) regime and reducing compliance ambiguities for taxpayers, the state cabinet on Tuesday approved amendments to
Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday directed officials to fully utilise technology and AI to improve GST, other tax collections and the overall revenue administration.
CBIC is drafting rules to operationalise Section 11A of the CGST Act, a provision that allows the government, on the GST Council’s recommendation, to waive tax dues for an industry in exceptional cases, according to two government sources familiar with the matter.
The Reserve Bank of India (RBI) has restored the time limit for realisation of export proceeds to nine months from 15 months, as part of a broader package of measures aimed at strengthening India’s external sector and supporting foreign exchange inflows.
A tax consultant from Palghar allegedly duped his distant relative from Junnar to the tune of Rs45 lakh by failing to pay GST (goods and services tax) on his behalf between 2023 and 2025. The Junnar-based soybean trader lodged a complaint with the local police on Friday.
Federation of Industrial and Commercial Organization (FICO) has written to Finance Minister Harpal Singh Cheema to press for release of GST refunds, flagging a delay in the process.
Government mandates higher education institutions to levy forward tax on college affiliation charges, sparking concern that escalating costs may ultimately burden students financially.